Citizen Financial (CFG) Tops Q1 Earnings On High Revenues
Zacks Investment Research | Apr 20, 2017 07:05AM ET
Have you been eager to see how Citizens Financial Group, Inc. (NYSE:CFG) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this Providence, Rhode Island-based financial services company’s earnings release this morning:
An Earnings Beat
Citizens Financial came out with adjusted earnings per share of 57 cents, beating the Zacks Consensus Estimate of 51 cents. Higher revenues were primarily responsible for the beat.
How Was the Estimate Revision Trend?
You should note that the earnings estimate for Citizens Financial depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate remained unchanged over the last 7 days.
Notably, Citizens Financial has an impressive earnings surprise history. Before posting earnings beat in Q1, the company delivered positive surprises in all the trailing four quarters with an average of 6.19%.
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